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Usdchfforecast

USDCHF daily rejection bearish tradeThis resistance line that I drew is largely untested. However, I took this trade based on the overlapping rejection bars. This is another trade that provides a pretty high reward to risk ratio. My stop loss is just 15 pips higher than the upper wicks to account for spreads. While I don't have a clear profit target, I am using the Fibonacci retracment of the 38.2 and 61.8 levels to forecast potential targets. In the meantime, my stop loss will be moved tighter as this pair enters freefall.
Short
by FinancialGamblR
USDCHF still in big correction!(30/07/2018)Hello Traders! Suppose, that correction phase on USDCHF currency pair, is not over. Accurately predict, decline tendency, to the 0.98500, do not exclude prices 0.98000 & 0.97000. Next step the price should find the new bottom, then we'll see the series of retest, at last the creation of balance and after that Strong Uptrend! Subscribe! Join me! «« «« «« «« «« Hold Like! »» »» »» »» »» (If you have questions, comments, write, reply thoroughly!) You're welcome!!! Best regards, trader Igor.
by youngfedor
USD/CHF can make the 2nd wave down. USD/CHF can make the 2nd wave down. Take a look on this daily chart, price bounced from key weekly level 1.0050. Most of the times price moving with waves. There could be a cycle with 2 or 3 waves. How it works, price moving as 1st wave and after, it stops for accumulate position for counting. The same situation was on USD/CHF, as u see on chart price was in the Range last 2 weeks. But it most of the time bounced down from key level 0.9891. For us, the best decision will be open Short near key sell zone 0.9860 - 0.9890 S/L: upper 0.9899 Goal: 0.9725
Long
by Yuriy_Bishko
USD/CHF ReversalTechnical Analysis Looking for a reversal and to ease into some short term positions for USD/CHF, some great low risk short opportunities have present themselves. RSI: Holding Over 70 indicating the currency is still being overbought, however have had a sharp declined indicating bears gaining momentum. MACD: Giving off a valid short signal, as can be seen through the crossing of the MACD line through the Signal line. Something of note is the massive disparity in the volume indicator; we can see on Thursday May 10th we had a huge spike in volume in USD/CHF and have dropped significantly which suggests less interest in the currency usually associated with 'sell signals', although its not indicative in itself therefore should be utilised with other indicators.
Short
by MoneyBodySoul
USDCHF SHORT (LONGTERM)Analysis: I've seen USDCHF show 5 waves down to create an 'A' wave, and then retrace towards the origin of the impulse (B wave) it has hit the reversal zone at current price. Hypothesis: I am looking for latent short orders to kick in at current levels and a bit above. Price should stall at this reversal area I have identified between the 2 red lines. Price is projected to go to the 78.6/88.6 Fibonacci numbers of the previous larger timeframe impulsive wave creating the wave 'C'. Risk Management: Trade potential 5:1 + Take off half at 2:1, and move stops to Break even. Let rest ride to Target. If you are concerned going short against short term bullish momentum.. you can wait for a 1D bearish candle before entry. PS: If my analysis is to your liking... please like the post & subscribe. Thanks.
Short
by james_007